Description

Global multi touch technology market is projected to witness
a CAGR of 20.69% during the forecast period to reach a total market size of
US$14.255 billion by 2022, increasing from US$5.567 billion in 2017. Growing
smartphones and tablets market is expected to fuel the growth of the
multi-touch technology market as continuously shifting technology trends have
elevated the use of multi-touch technology in these devices. Continuous
improvements in the technology have led to rising applications of multi-touch screens
which will further boost its market growth. However, shortage of Indium Tin
Oxide (ITO) is foreseen to restrict the market growth for multi-touch
technology.

Geographically, North America holds the largest share of the
global multi-touch technology market, followed by Europe, owing to the
increasing demand for wearable technologies and growing usage of
technology-intensive products. Asia Pacific is expected to show the highest
CAGR over the projected period due to increasing penetration of smartphones and
rising disposable income which will lead to higher adoption rate for the
devices using this technology.

By Technology

By technology, global multi-touch technology market is
segmented as resistive technology, capacitive technology, infrared technology,
acoustic technology, camera-based technology, vision-based technology, embedded
technology and others. Capacitive technology held the largest global market share
in 2016 owing to their usage in nearly all the smartphones and tablets. This is
because capacitive displays offer a smooth controlling with very light finger
touches and consume very less power. These displays rely on the electrical
properties of the human body to detect the human touch, which eliminates the
hassle of using other input methods like stylus.

By Application

By application, global multi-touch technology market is
segmented as smartphones, tablets, POS systems, gaming systems, large displays,
and others. Smartphones and tablets held the largest global market share in
2016 owing to their increasing penetration in various regions, which led to the
growth of multi-touch technology market in those regions. Continuous
improvements in technology and marketing strategies of the companies have led
to the market growth for smartphones and tablets, which has fuelled the growth
of multi-touch technology market. The application of multi-touch technology is
gaining traction in gaming systems and is expected to grow at a CAGR of XX.XX%
over the forecast period

By Industry

By industry, global multi-touch technology market is
segmented as Media and Entertainment, Retail, Education, Leisure, Government
and Corporate, and Public Space Applications, and others. Media and
Entertainment held the largest global market share in 2016 owing to the use of
multi-touch technology in a wide range of applications. The multi-touch
technology is used in a wide range of interactive displays to provide maximum
functionality and ease of use.

By Geography

Geographically, global multi-touch technology market is
segmented as North America, South America, Europe, Middle East and Africa, and
Asia Pacific. North America accounted for the largest market share in 2016 due
to increasing popularity of technology-intensive products and wearable
technologies. Asia Pacific is projected to witness the fastest regional market
growth during the forecast period. Proliferation of smartphones and increasing
spending capacity of people will fuel the growth of the multi-touch technology
market in this region. Favourable government regulations in Asia Pacific have
led to many key players entering this region. Many companies are shifting their
manufacturing units into this region owing to the surplus supply of raw
materials and availability of cheap workforce.